Hello World! Welcome Friends! Believe it or not, shipping containers are one of the new investment alternatives out there with many possibilities under its sleeve. Many would believe it as a scam, yet, investing in conex boxes can be pretty profitable if you know what you are doing.
The first method to make a profit out of shipping containers is by renting them to shipping companies. For every month you have it rented, you’ll earn your piece of revenue. This process usually includes a middleman, called broker, to help you find shipping companies, and score a deal with them.
Thing is: these deals may vary depending on the company you are dealing with. In most cases, you’ll have to be flexible and bargain a deal with the shipping company. These contracts will decide the time you’ll be renting your containers, for how much, and other circumstances as well. A broker facilitates the process by helping both parties by acting as a mediator. You can find more information about it here.
One of the advantages of this investment is that the container market is rather under-served, meaning that there are more people needing the service than the ones providing it. This makes it a great entrepreneur opportunity for those wanting to build a business.
As long as there are companies shipping their goods on a monthly basis, you’ll probably find clients, making a monthly revenue depending on the deal you achieve.
How to Choose The Right Container
Pick the size
The first thing you need to decide is the size of the container. This might not be as difficult, considering that most containers have a standard size. Of course, there are bigger versions and smaller ones, but around 80% of all containers are the standard 20 feet, 40 feet and high-cube 40. It is recommended to buy a standard size container to avoid problems with regulations and clients being picky.
Decide Its Quality
As strange as it may seem, some people actually prefer to buy used containers than new ones. The difference in prices between both of them is quite large, yet the performance is pretty much the same. The thing is: it depends on the type of goods you’ll be transporting.
Also, you want to make sure to choose its material. Steel containers are the most used ones when it comes to transporting merchandise because their quality and lifetime are over the top. There are aluminum ones usually used as storage containers, but those ones should be used when you need to store something for a short period of time in a safe environment. If that’s not the case, you’d be better picking one made out of steel.
Most goods are fine with a used container with great performance, but some shipping companies would definitely prefer new ones. There are some cases where an old, rusty container is good enough, too. It depends heavily on the merchandise.
Another thing to consider is the color of the container. Some second-hand containers will have problems with the painting, and may even have a brand image printed on one or both sides. Whether you want to paint it or not will ultimately decide if it matters, or should be ignored.
For more information about container quality, you can check https://www.wikihow.com/Buy-a-Shipping-Container.
Consider What The Container Was Used For
Stay away from containers used to transport goods with strong odors, like animals. Fish, for example, is well known for ruining a container’s interior, making it smelly for a long period of time.
If you don’t want to invest in fixing this issue, stay away from them! Even more, if this can ruin your merchandise’s quality!
Take Into Account Several Containers, and Decide For One
A personal recommendation is to make a list out of possible containers to choose from. You want to make sure you are picking the right one, and this should be done after some meditation. You see, the size, type, and quality of the containers you are buying should be decided by what you are looking for.
For example, there are people who use containers to build custom houses. Others use them to make furniture and create other types of buildings. If you want to invest in a container for rental, consider buying one in the best shape possible. If not, you can look for one that is solid enough.
There is plenty of information about how to buy a container online. Just follow the steps and make your research.
There Are Risks, Though
Anything involving investment has a risk chance. For example, selling a container for a reasonable price can be quite difficult considering how brokers and shipping companies want to get the best deal possible, and not many people are willing to buy containers nowadays, but rent them.
The reputation of the shipping company is really important, too, because they might want to “take care” of your container for longer than you initially decided. They might “suddenly” disappear, too. That’s why choosing a company to deal with, along with a great broker, is an important part of the whole process.
Still, accidents can happen. Although rare, there are cases where a crane stops functioning properly since it moves containers on a regular basis. One of those can be yours and is no one’s fault. This will ultimately become a loss for both you and your potential client.
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